SMBs Adding Jobs At Fastest Pace In 3 Years - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Mobile // Mobile Applications
08:54 AM

SMBs Adding Jobs At Fastest Pace In 3 Years

According to the latest Small Business Employment Index, the hiring rate for small businesses has reached a three-year high.

According to the latest Small Business Employment Index, the hiring rate for small businesses has reached a three-year high.Small and midsize businesses created 66,000 new jobs in April according to the April Small Business Employment Index from Intuit. That is the fastest pace for SMB job growth in the three years and continues a trend that dates back to 2009; since that time 300,000 new jobs have been created in the segment.

Commenting on the findings, economist Susan Woodward of Sand Hill Econometrics said, "Small businesses are looking healthier. Every trend we measure -- employment, hours worked, and monthly compensation -- is showing signs of a recovery. Last month the national figures finally began to show a recovery for larger businesses and the entire economy, but for small businesses, the recovery has been underway for more than half a year."

Though not robust, compensation and monthly hours worked also increased in April by a meager half percent. Compensation has been flat since 2008 including the compensation that business owners allocate to themselves. Average monthly compensation is no $2,607.

The monthly index is based on payroll data from more than 50,000 small businesses using Intuit Online Payroll and represents approximately 220,000 employees.

Don't Miss:

Follow Benjamin Tomkins on Twitter @ Follow InformationWeek SMB on Twitter @ Get InformationWeek SMB on your mobile device @

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

Pandemic Responses Make Room for More Data Opportunities
Jessica Davis, Senior Editor, Enterprise Apps,  5/4/2021
10 Things Your Artificial Intelligence Initiative Needs to Succeed
Lisa Morgan, Freelance Writer,  4/20/2021
Transformation, Disruption, and Gender Diversity in Tech
Joao-Pierre S. Ruth, Senior Writer,  5/6/2021
White Papers
Register for InformationWeek Newsletters
Current Issue
Planning Your Digital Transformation Roadmap
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
Flash Poll